Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2005.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
37 people listed on the 990.
Stephen King’s $140K as Executive Di is at the 61st percentile of top reported officer pay among 3925 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Produces large-scale festivals and surprise community events to boost economic activity, cultural diversity, and quality of life in downtown Des Moines.
Questions for Downtown Events Group INC
Your first name shows with your question. Downtown Events Group INC answers here, for everyone.
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Downtown des moines farmers market the market, which dates back to 1976, is held each saturday from may to october. The market boasts over 320 vendors and averages more than 35,000 in attendance each week. In addition, an indoor winter market is held over one weekend in november.
The festival began in 2005 and is a three-day event which celebrates iowa's diversity and culture. It encompasses culinary vendors that highlight cuisine from around the globe, professional cooking demonstrations, interactive cultural education programs, dancers and musicians. Authentic cultural experiences are enjoyed by all.
Activations are surprise and delight moments that downtown residents, visitors and employees can stumble upon and enjoy. Previous activations have included; hide & seek ornaments you keep, the great DSM hot air balloon hunt, out to lunch and more.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $179K | $132K |
| Land, buildings, equipmentLn 10c | $8K | $4K |
| Total assetsLn 16 | $238K | $193K |
| LiabilitiesLn 26 | $359K | $151K |
| Net assetsLn 32 | −$121K | $41K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Management feesLn 11a | $324K | $214K | $18K | $93K |
| Other fees for servicesLn 11g | $142K | $142K | ||
| Advertising and promotionLn 12 | $68K | $68K | ||
| Office expensesLn 13 | $46K | $46K | ||
| TravelLn 17 | $736 | $736 | ||
| Conferences, conventions and meetingsLn 19 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $579K | $579K | ||
| All other expensesLn 24e | $192K | $192K | ||
| Total functional expensesLn 25 | $1.4M | $1.2M | $18K | $93K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $1.5M | $1.4M | $163K | $41K | 990 PDF |
| FY2023 | $1.5M | $1.4M | $117K | −$121K | 990 PDF |
| FY2022 | $418K | $609K | −$191K | −$238K | 990 PDF |
| FY2021 | $738K | $718K | $20K | −$48K | 990 PDF |
| FY2020 | $505K | $411K | $94K | −$67K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,515,360 revenue, 12 lines filed
Part VI · Governance 35 of 35 board members independent, 1 to look at
Part VIII · Statement of revenue $1,515,360 across 3 lines filed
Part IX · Statement of functional expenses $1,352,404 across 8 lines filed
Part X · Balance sheet $192,667 assets, 10 lines filed
Part XI · Reconciliation of net assets $41,478 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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